![Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090826-maxxis-rubber-itat-pcit-taxscan.webp "Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]")
Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad has granted relief to Maxxis Rubber India Pvt. Ltd. by quashing a revisionary order issued under...
![Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090546-balances-leads-capital-gain-itat-taxscan.webp "Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]")
![Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090527-cash-payment-unexplained-investment-itat-upholds-taxscan.webp "Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]")
![Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090381-allegation-turnover-itat-hp-india-taxscan.webp "Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]")
![Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090113-goldman-sachs-itat-occupancy-expenses-directs-ao-taxscan.webp "Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]")
Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Appeals)[CIT(A)] order in a case where a property investment of Rs. 1.10 crore was treated as ...
![Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090093-property-investment-itat-taxscan.webp "Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]")
Income Tax Assessment Made Under Old ‘Firm’ PAN instead of New ‘Company’ PAN: ITAT directs CIT(A) to verify Transactions in Books of Accounts [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad recently held that income tax assessments wrongly made under an old ‘Firm’ Permanent Account Number (PAN) owned by an assessee instead of their...
![Income Tax Assessment Made Under Old ‘Firm’ PAN instead of New ‘Company’ PAN: ITAT directs CIT(A) to verify Transactions in Books of Accounts [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2088957-income-tax-old-firm-pan-itat-taxscan.webp "Income Tax Assessment Made Under Old ‘Firm’ PAN instead of New ‘Company’ PAN: ITAT directs CIT(A) to verify Transactions in Books of Accounts [Read Order]")
![Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/500x300_2088070-itat-quashes-income-tax-reassessment-taxscan.webp "Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]")
![Delhi HC Upholds Exception u/s 40A of Income Tax Act in favour of Mitsubishi Corporation [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085793-delhi-hc-upholds-income-tax-act-mitsubishi-corporation-taxscan.webp "Delhi HC Upholds Exception u/s 40A of Income Tax Act in favour of Mitsubishi Corporation [Read Order]")
Income Assessed in Proprietor’s Hands cannot Be Assessed again in Dissolved Partnership : ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that income assessed in the proprietor's hand cannot be assessed again in dissolved partnership. The Revenue-appellant appealed...
![Income Assessed in Proprietor’s Hands cannot Be Assessed again in Dissolved Partnership : ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/500x300_2085175-dissolved-partnership-itat-taxscan.webp "Income Assessed in Proprietor’s Hands cannot Be Assessed again in Dissolved Partnership : ITAT [Read Order]")
Disallowance of 25% Purchases for Non-Filer Suppliers : ITAT Deletes Addition Based on Proof of Genuineness
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted a 25% disallowance on purchases made from non-filer suppliers after the assessee furnished sufficient evidence to prove the ...
Conclusion without Reasoning Opens for Arbitrariness: ITAT deletes ₹1.06 Cr Disallowance of Repairs & Sundry Expenses in Pyung HWA India Case [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, has ruled that suspicion unsupported by evidence cannot be a valid ground for disallowance of business expenditure. The Tribunal was...
![Conclusion without Reasoning Opens for Arbitrariness: ITAT deletes ₹1.06 Cr Disallowance of Repairs & Sundry Expenses in Pyung HWA India Case [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/500x300_2084995-itat-repairs-sundry-expenses-pyung-hwa-taxscan.webp "Conclusion without Reasoning Opens for Arbitrariness: ITAT deletes ₹1.06 Cr Disallowance of Repairs & Sundry Expenses in Pyung HWA India Case [Read Order]")